WHITEPAPER

A Highly Accessible And Liquid Blockchain

Cryptocurrency For Daily Life
AUSCOIN GROUP PTY LTD

Copyright © (2017) AUSCOIN GROUP PTY LTD

V1.0 Released 27th November 2017

IMPORTANT LEGAL INFORMATION AND DISCLAIMER – PLEASE READ BEFORE PROCEEDING FURTHER

This disclaimer must be read before you proceed to read this whitepaper document prepared by AUSCOIN Group Pty Ltd (AUSCOIN Group) as it contains
important information about the matters contained in the whitepaper as well as the risks involved in participating in our Initial Coin Offering (ICO).
This document was prepared by the Company to be a technical document setting out the plans for AUSCOIN implementation, Pre-ICO, ICO, ATM network,
eCommerce Gateway Strategy, our team, the technology behind AUSCOIN and the long-term plan of the Company (Whitepaper). This Whitepaper was
produced for information purposes only and is does not constitute an offer or invitation to invest in a planned future cryptocurrency known as AUSCOIN
(AUSCOIN), any shares or other securities or in the Company or any financial product. No shares or other securities in the Company are being offered by
this Whitepaper. All products set out in this Whitepaper are currently under development, and are not available to be purchased at the date of this
Whitepaper.
Please note that AUSCOIN holders have no equity or any other interest in AUSCOIN Group. AUSCOIN Group is not offering shares, securities or other
investment, economic or legal interest in AUSCOIN Group or any related entity or any other investment or financial service.
You should not rely upon any statement made in this Whitepaper as a substitute for independent judgment when making a decision to contract with the
Company, or to order AUSCOINs. You should consult a legal, tax, financial, business or other professional adviser regarding the content of this Whitepaper
and your personal financial situation before making any decision to offer to purchase any AUSCOIN. There is no guarantee that AUSCOINs or any product
described in this Whitepaper will have any present or future value, nor any guarantee that any value they might have will appreciate. Cryptocurrency tokens
by their nature are inherently speculative and highly risky. The Company makes no guarantee that any AUSCOINs you may order for purchase will be issued
to you or will result in any income or profit to you. You should only spend money that you can afford to lose.
The Company, its directors, officers, employees, consultants, officers and agents accept no liability to you or any person or recipient, including, without
limitation, any liability arising from fault or negligence (including gross negligence) for any loss arising from the use of this Whitepaper or its contents,
omissions or otherwise arising in connection with it. This Whitepaper is made available to you in good faith and prepared using information available to the
Company at the time of its preparation which was believed to be reliable. However, the Company makes no warranty (whether express or implied) in relation
to the truth, accuracy or completeness of any of the information provided in this Whitepaper. The Company disclaims all responsibility from the contents of
this Whitepaper to the maximum extent permitted by law. No audit, review or other kind of independent verification has been undertaken by any party
regarding any of the assumptions, opinions, projections, forecasts, forward-looking statements, data, or any other information contained in this Whitepaper.
This Whitepaper contains statements that are not statements of historical fact, and may be described as forward-looking statements, projections, forecasts,
estimations, prospects, or other similar terms. The Company undertakes no obligation to update, review, replace or amend this Whitepaper due to any new
information or future developments which might affect those statements. Any subsequent forward-looking statements made by the Company, whether
written or oral, shall be qualified by this disclaimer. The forward-looking statements included in this Whitepaper are subject to a number of risk factors
including:
1) Regulation of the products described by this Whitepaper by legislation, or any relevant government body;
2) Economic and market conditions;
3) Retention of key personnel;
4) Changes in attitude of customers;
5) War, natural disaster, acts of terrorism, international crises, political discourse;
6) Hacking or other form of cyber-attack;
7) IT malfunction;
8) Increased competition in the market the Company operates in; and
9) Change of internal policy of the Company.

The above list of risk factors is not exhaustive and other risks may impact any of the Company plans. You should pay specific attention to these risks, as well
as other risks and uncertainties when considering any of the forward-looking statements contained in this Whitepaper. The Company makes no guarantee
that the products set out in this Whitepaper will ever be fully developed and released for purchase, including AUSCOIN itself. If these products are
distributed, the Company makes no guarantee that they will hold any value. No forward-looking statement in this Whitepaper constitutes a representation or
warranty on behalf of the Company that the outcome which is contemplated, suggested, inferred, indicated or implied by such statement will actually be
realised.
This Whitepaper may contain references, hyperlinks or quotes from external sources. No references, hyperlinks or quotes from external sources constitute
endorsement, approval, recommendation, advocacy, agreement or support of the contents of those references, hyperlinks or quotes and the Company
disclaims any and all responsibility that may arise from use of those external sources to the maximum extent permitted by law.
AUSCOINs and any other products referred to in this Whitepaper have not been examined, approved or disapproved by the Australian Securities and
Investment Commission, or any other authority, whether in Australia or overseas. Every effort has been made to ensure that the AUSCOINs and products
comply with applicable laws at the time of preparation of this Whitepaper. If you place an order to receive an AUSCOIN or other product contemplated by
this Whitepaper you bear the risks involved with that purchase, if any.
The Company does not guarantee that it will be able to make available the AUSCOINs within any time period set out in this Whitepaper or at all.
This Whitepaper is only available on http://www.auscoin.io/ and may not be reproduced, redistributed, disseminated, republished or passed on, in part or in
whole, for any purpose without the prior written consent of the Company. This Whitepaper is not intended for distribution or use in any jurisdiction where
such distribution or use may be illegal. Persons who come into possession of this paper are should inform themselves of the relevant laws governing the
jurisdiction they operate in.
This Whitepaper, the AUSCOINs and other products will not be made available in the United States of America, the People’s Republic of China, the Republic
of China (Taiwan), the Republic of South Korea and Vietnam (Excluded Countries).
Before reading this paper any further, by accessing this paper, you agree to be bound by this disclaimer.
As a recipient of this Whitepaper, you acknowledge and agree that:
1) The AUSCOINs and other products set out in this Whitepaper do not constitute securities, managed investment schemes or financial products.
2) Neither ASIC nor any other regulatory authority has examined, approved or disapproved of AUSCOIN or other products set out in this Whitepaper.
3) You will not reproduce, redistribute, disseminate, re-publish or pass on this Whitepaper, in part or in whole, for any purpose without the prior
written consent of the Company.
4) You will use your own independent judgment, seek out advice where appropriate, and not rely on any of the information in this document when
making any decision in relation the contents of this Whitepaper, keeping in mind the risk factors pointed out in this disclaimer, elsewhere in this
Whitepaper, and other risks not contained within this Whitepaper.
5) The Company is not liable for any loss you might suffer arising from fault or negligence (including gross negligence) on behalf of the Company.
6) The Company makes no guarantee in relation to any of the forward-looking statements contained in this Whitepaper, nor is there any guarantee
that the AUSCOINs and other products will hold any value or provide income or profit.
7) You are not accessing this Whitepaper in or from one of the Excluded Countries and you are not a resident in one or more of the Excluded
Countries or seeking to purchase AUSCOINs for or on behalf of a person or entity in one of the Excluded Countries.

You should only proceed to read the rest of this whitepaper and consider participating in our token generation event if you have read and understood all of
the above.

AUSCOIN™ Group Pty Ltd | Melbourne AU 3232 | www.auscoin.io Page | 02

CONTENT
1. LEGAL DISCLAIMER………..………..………..………..………..................... 02
2. ABSTRACT………..……………..………..………..………..……….............…....... 05
3. INTRODUCTION to AUSCOIN™………...............................………... 05
4. INITIAL COIN OFFERING……....……………..………..………...……... 06-08
4.1. TOTAL CAP ON AUSCOIN TOKENS
4.2. SEED ROUND
4.3. PRE-ICO
4.4. ICO
4.5. SECURING ORDERS
4.6. DELIVERY OF AUSCOIN COINS

5. THE AUSCOIN™ BLOCKCHAIN……..……...………..........…….…... 09-12

5.1. OUTLINE
5.2. AUSCOIN™ BLOCKCHAIN TOKENS
5.3. BLOCK CONTENTS
5.4. CONSENSUS MECHANISMS
5.5. GOVERNANCE
5.6. DIVISIBILITY
5.7. CODE DEVELOPMENT AND UPDATES
5.8. FUTURE TRANSACTION CAPACITY

6. AUSCOIN™ MINING………..…….………..………..…..…..............…...... 13-15

6.1. ADMINISTRATION OF THE BLOCKCHAIN
6.2. AUSCOIN™ CAP LIMIT
6.3. ASSET FREEZING
6.4. AUTOMATIC BUYING AND SELLING
6.5. PROOF OF WORK (PoW)

7. ETHEREUM PLATFORM………..…….……..…..…................................. 16
7.1. LEVERAGING A STABLE PLATFORM
7.2. WELL DOCUMENTED SUPPORT
8. ROAD MAP………..…….………..………..................................…..…..…....... 17
9. WALLET………..…….……..…..…........................................................... 18-20
9.1. IDENTITIES
9.2. WALLET DETAILS
9.3. WEBSITE / ONLINE
9.4. APPLICATIONS iOS / ANDROID
9.5. OFFLINE
 9.6. FUTURE WALLET OFFERINGS
9.7. TRANSACTION CARDS
9.8. MERCHANT POINT OF SALE SYSTEMS
9.9. PROOF OF EXISTENCE
9.10. SECURITY
10. EXCHANGE…………..………..………..………............................................… 21
11. ACCESSIBLE DAILY USE.………..…..….....…..................................... 21
12. ATM TERMINALS……..…..….....…................................................... 22-23
12.1. AUSTRALIAN ATM ROLLOUT
12.2. WORLDWIDE ATM ROLLOUT
12.3. MANAGEMENT
12.4. CUSTOMER SUPPORT NETWORK

13. ECOMMERCE GATEWAYS…..………..…..…..…..….............................

13.1. IMPLEMENTATION 24
13.2. MANAGEMENT, SUPPORT AND UPDATES

14. SECURITY………..…….………..………..…..…..…..….....................................
14.1. IMPLEMENTATION 25
14.2. MANAGEMENT

15. FUNDING ALLOCATION……….……..…........................................

16. AUSCOIN GROUP COMPANY……….……..….................,................. 25-26

17. STRUCTURE………..…….………..………..…..…..…..…................................. 27
17.1. MANAGEMENT 28
17.2. ADVISORY BOARD

18. AUSCOIN GROUP MANAGEMENT……….……..….....................

TEAM 28-30
18.1. SAM KARAGIOZIS
18.2. SEAN HARRIS
18.3. MICHAEL SLOGGETT
18.4. AARON WHYTE

ADVISORY COUNCIL
18.5. ARTURO BUSLEIMAN
18.6. JASON GRIGG
18.7. LEONARD TAN
18.8. MICHAEL BACINA
18.9. JUN HAO

19. BIBLIOGRAPHY……..…….…………..…..…...................…...…..................
31
 Abstract
The public release of AUSCOIN™ is set to change the way everyday people access and use
cryptocurrency for commerce. Becoming part of the AUSCOIN Group Pty Ltd (AUSCOIN Group)
Token Generation Event/Initial Coin Offering (ICO) represents an opportunity to start on the ground
floor and grow with AUSCOIN™.

Cryptocurrencies have not yet become integrated and trusted by consumers and merchants in daily
life. We believe this is because of their perceived lack of liquidity for everyday commerce and the
technical barriers to adoption.

AUSCOIN™ aims to become one of the most liquid and exchangeable cryptocurrencies in the world.
The AUSCOIN Group is leveraging existing and proven blockchain technologies to bring AUSCOIN™
directly to consumers and merchants via a network of machines, similar to automated teller machines
(ATMs) in high traffic commercial areas. The AUSCOIN group is also seeking to implement an
integrated and trusted e-commerce payment system which can be integrated into websites,
applications and ultimately a point of sale system for merchants in the future.

The AUSCOIN Group’s team have commenced the strategies set out in this whitepaper including:
exploring optimal ATM machine placement, piloting ATM machine installation, meeting with and
assessing merchants’ commitments and desire to accept AUSCOIN™ for transactions. The AUSCOIN
Group has advanced negotiations to secure rights to place ATMs in retail locations Australia wide.

The AUSCOIN™ team has planned and is commencing the early stages of online developments. These
developments include an: AUSCOIN™ wallet, community website, cryptocurrency exchange and other
applications to help AUSCOIN™ integrate into everyday life.

Introduction to AUSCOIN™
In a rapidly changing world driven by technology and interconnectedness, traditional methods of
commerce and contractual agreements have been slow to keep pace with technology. Traditional
contractual agreements are out of step with the speed, transparency and ease of the digital online
world, particularly with the rise of secure distributed ledger technologies.

Conventional contracts between parties consist of an exchange of commitments under certain

specified conditions which are mutually agreed upon and ultimately enforceable by common law.
Lead by decentralized cryptocurrency Bitcoin (first released in 2009), Distributed ledger technologies
and in particular blockchain deployments have the potential to change the way the world contracts
with each other. AUSCOIN™ aims to be a unique blockchain, leveraging on the work performed to

AUSCOIN™ Group Pty Ltd | Melbourne AU | www.auscoin.io Page | 05

date with the Ethereum Blockchain, which holds the second-highest market capitalisation for any
cryptocurrency. The AUSCOIN Group will be highly focused on bringing AUSCOIN™ to the mainstream
commerce market in addition to trading via online cryptocurrency exchanges. The AUSCOIN Group’s
team will leverage their extensive experience in commerce, eCommerce, retail, security and software
technologies to drive AUSCOIN™ forward.

This will help achieve our vision of AUSCOIN™ becoming one of the most accessible and liquid digital
cryptocurrencies.

The AUSCOIN Group intends to have a large network of ATMs making AUSCOIN™ and Bitcoin
purchase and sale accessible to the everyday consumer. The AUSCOIN Group will also be investing in
the development and deployment of eCommerce gateways for the two most popular eCommerce
Platforms in the world; Magento and Woocommerce. This will enable online merchants to accept
AUSCOIN™ and other cryptocurrencies for payments.

The AUSCOIN Group’s long-term strategy is to develop mobile tap and pay applications to augment or
replace conventional merchant Electronic Fund Transfer at Point of Sale (EFTPOS) systems, as well as
to integrate traditional methods of payment such as: credit card payments and traditional methods of
acceptance for bills, such as: utility bills, credit cards bills, rent payments and transport services.

In this Whitepaper, we outline our planned implementation of AUSCOIN™, our Token Generation
Event/Initial Coin Offering (comprising a Seed, Pre-ICO and ICO), our planned roadmap for our ATM
network, eCommerce Gateway Strategy and other plans, the AUSCOIN Group team and details of the
technology behind AUSCOIN™.

Initial Coin Offering

Total Cap on AUSCOIN Tokens
The total number of AUSCOIN™ will be limited to one hundred million which can be pre-ordered as
tokens in the following offerings:

Number of AUSCOIN™ (including

Round bonus tokens) available Bonus
for pre-order
Seed Round Allocation 3,000,000 40%

Pre-ICO Allocation 12,000,000 30%

ICO Allocation 25,000,000 None

Total 40,000,000

Please note that the number of AUSCOIN™ available for pre-order and any applicable bonus applied to any offers to purchase
AUSCOIN™ tokens is subject to change at any time. Bonus token offerings may be changed or removed without notice at any time.

AUSCOIN™ Group Pty Ltd | Melbourne AU | www.auscoin.io Page | 06

Seed Round
A seed round will commence on the 4th of December 2017 at 4pm (EST) and will close at the earlier of
either 14 days or when pre-orders for the Seed Round Allocation of three million tokens (inclusive of
any bonus) is reached. The price of AUSCOIN™ pre-ordered during the seed round will be displayed at
http://auscoin.io in Bitcoin, with a forty percent bonus applied to any orders received during the seed
round. Please note that we do not accept fiat currency for the order or pre-order of AUSCOIN™ tokens.

Pre ICO
The Pre-ICO is planned to open on 15th of January 2018 at 4pm (EST) and will close at the
earlier of either 14 days after the Pre-ICO opens or when the Pre-ICO Allocation has been
reached (Pre-ICO Period).

During the Pre-ICO Period, pre-orders for AUSCOIN™ can be placed at http://auscoin.io with
payment being made in Bitcoin or limited other cryptocurrency1. The price of AUSCOIN™
pre-ordered during the Pre-ICO Period will be displayed at http://auscoin.io in Bitcoin, with a
thirty percent bonus applied to any orders received during the Pre-ICO Period.

ICO
The ICO will open on 12th February 2018 at 4pm (EST) and will close at the earlier of 14 days
after the ICO opens or when the ICO Allocation has been reached (ICO Period).

During the ICO Period, pre-orders for AUSCOIN™ can be placed at http://auscoin.io with
payment made in Bitcoin or limited other cryptocurrency2. The price of AUSCOIN™
pre-ordered during the ICO Period will be displayed at http://auscoin.io in Bitcoin, with no
bonus currently planned for the ICO period.

Securing Orders
Users who have submitted an offer during the Seed, Pre-ICO period or ICO period which has
been accepted by AUSCOIN Group will be provided with a digital receipt of their order and be
granted access to a user management panel via a unique username and password utilising
Secure Socket Layer (SSL) encryption.

Within the management panel will be a record of the AUSCOIN™ ordered (including any
bonus tokens), downloadable copies of any receipts for the purchase of AUSCOIN™. We will
take reasonable steps, including engaging external security consultants, to provide a secure
record of users’ AUSCOIN™ purchases. AUSCOIN™ orders placed by a user during the Seed,
Pre-ICO and ICO period are non-transferable and non-redeemable.

A secondary ledger of AUSCOIN™ orders will be held by the AUSCOIN Group and encrypted

1
Subject to change without notice
2
Subject to change without notice
AUSCOIN™ Group Pty Ltd | Melbourne AU | www.auscoin.io Page | 07
security and backup purposes. This ledger will be kept separate to the above user accessible record
of purchases (Backup Ledger).

In the event of any security breach of the user accessible record or other discrepancies arising
between the user accessible records and the Backup Ledger as to the orders placed for tokens, the
Backup Ledger record will prevail.

Delivery of AUSCOIN Coins

Following the implementation of the AUSCOIN™ Blockchain, users will be issued with their AUSCOIN™
matching the number of AUSCOIN™ ordered by that user (Conversion Period).

The Conversion Period is anticipated to start at the end of the first quarter of 2018 and continue into
the second quarter of 2018. During the Conversion Period, users may be required to access their user
management account and provide information, which may include providing identification and
agreeing to any further terms and conditions which may apply in order to be issued AUSCOIN™.

At the time of publication, the AUSCOIN Group intends to develop and make available at no charge to
AUSCOIN Token holders, a software wallet using state-of-the-art security to hold and transact with
their AUSCOIN™ and selected cryptocurrencies.

Please note that once the AUSCOIN™ are issued to a user, those AUSCOIN™ will be completely under
the user’s control and available to be transferred using the private key for that wallet. The AUSCOIN
Group do not intend to store any private keys for wallets to which AUSCOIN™ are issued and will not
have any ability to restore a private key if a user forgets, loses or misplaces a private key. Users
should treat the private key as if it were the AUSCOIN™ themselves, as any person who gains access
to the private key will be able to permanently and irrevocably transfer the AUSCOIN™ to another
wallet. In those circumstances it will be very difficult, if not impossible, for a user to reclaim those lost
AUSCOINS™.

At the end of the Conversion Period, if any orders for AUSCOIN™ remain unfulfilled as a result of a
failure of a user to log into their user account or provide any of the requested information, then the
AUSCOIN™ of that order will be forfeited and any of the AUSCOIN™ of the order will belong to the
AUSCOIN Group and used only for the advancement of AUSCOIN™. We will undertake reasonable
attempts to notify and warn users of the pending end of the conversion period via email but users
take responsibility to log in and provide any requested information prior to the end of the conversion
period.

AUSCOIN™ Group Pty Ltd | Melbourne AU | www.auscoin.io Page | 08

 The AUSCOIN™ Blockchain
How a Blockchain Works
1. Someone requests a transaction 2. The transaction is represented
online as a "block"

3 The block is broadcast to 4 The network of nodes validates

every party in network the transaction

? ?

5 Now a new block of data is created 6

and added to the existing blockchain The transaction is complete

Outline
AUSCOIN™ aims to be a highly liquid exchangeable cryptocurrency. In order to achieve this, AUSCOIN™
needs to have scalability to handle the potential number of transactions on the blockchain, particularly
as we work towards our vision of enabling AUSCOIN™ for use in daily commerce. For this reason, the
consensus among the AUSCOIN Group’s technical development team is to leverage the existing open
source Ethereum platform in an AUSCOIN™ blockchain deployment as set out below.

AUSCOIN™ Group Pty Ltd | Melbourne AU | www.auscoin.io Page | 09

The AUSCOIN™ blockchain will function as a distributed ledger blockchain, currently planned to be
built on the flexible Ethereum Homestead release (AUSCOIN™ blockchain). While the AUSCOIN™
blockchain will be stateless from a digital point of view, AUSCOIN Group will monitor and be in a
position to influence key elements, functions and the software used for the management of the
AUSCOIN™ Blockchain.

AUSCOIN™ Blockchain Tokens

AUSCOIN™ Tokens will be released in capped amounts per offering, such as: seeding, pre-ICO and ICO
rounds. The set value may be changed without notice, being dictated by the demand for the
AUSCOIN™ Token. Bonus offers will be offered to early adopters of AUSCOIN™ Tokens. At the live
launch of the AUSCOIN™ blockchain tokens can be converted to AUSCOIN™ and stored in a
AUSCOIN™ wallet.

Every AUSCOIN™ holder will be represented by an indexed address, which is defined by a pair of keys;
a private key and a public key. The address represents the location of a ledger entry on the
AUSCOIN™ blockchain. The address and entry will be anonymous, but publicly transparent. This will
also in effect “hold” a user’s balance of AUSCOIN™. All transactions by a user’s address will be visible
to anyone querying the AUSCOIN™ Blockchain via software known as a blockchain explorer. This
provides transparency while enabling privacy as long as a user does not disclose their public key. This
is a key feature of blockchain technology.

Users will download free wallet software, which will be available from the AUSCOIN™ website and app
stores. The user will then create an account in their wallet so they can perform transactions.

Name System
AUSCOIN™ will use anonymous blockchain addresses to maintain the anonymity of individual account
holders.

Blockchain Contents
The blocks on the AUSCOIN™ blockchain represent units of time, with the blockchain itself representing
a temporal dimension and the entire history of states at the discrete time points designated by the
blocks on the chain (Ethereum Project, 2017). AUSCOIN™ Smart Contracts will be written in Solidity
and compiled to Ethereum Virtual Machine bytecode using Geth. This should provide AUSCOIN™ a
clean and lightweight software framework to enable transactions and improve transaction capacity in
the long-term.

Please note that for security purposes the exact specification and code rules for the smart contracts
will not be disclosed publicly for security and intellectual property purposes. The Ethereum licensing
permits the use of the open source Ethereum code in this kind of deployment (Ethereum Project, 2017).

AUSCOIN™ Group Pty Ltd | Melbourne AU | www.auscoin.io Page | 10

Consensus Mechanisms
Decentralised consensus gives AUSCOIN™ strong levels of fault tolerance, reduced risk of network
downtime and makes data stored on the blockchain tamper and censorship-resistant3.
This is achieved by an established decentralised mining network. AUSCOIN™ blockchain mining
secures the AUSCOIN™ blockchain and contract exchanges. AUSCOIN™ mining creates, verifies,
publishes and propagates blocks in the AUSCOIN™ blockchain. Miners are rewarded for their work
in maintaining the network via the small transaction fees built into the Ethereum Platform (Ethereum
Project, 2017). Please note that these fees are separate to any processing fees which ATMs supplied
by AUSCOIN Group to the public may charge.

Governance
The AUSCOIN Group will maintain the protocols from which the AUSCOIN™ Blockchain oper-
ates to provide oversight. These protocols will likely adhere to ERC-20, but may vary
depending on the future technical requirements of the AUSCOIN™ blockchain at live launch.

This blends the benefits of decentralisation while maintaining a point of oversight for the base
protocols and will functionally operate in a way similar to Bitcoin. The AUSCOIN™ underlying
Ethereum platform will be maintained by Ethereum’s core development team with the
AUSCOIN™ development team making updates and changes as required.

Decentralisation means that the miners in the AUSCOIN™ blockchain will not be required to
update any source code, but will likely will be incentivised to do so.

Divisibility
AUSCOIN™ are intended to be divisible down to as many decimal places as required to reflect
the potential for AUSCOIN™ to change in value if AUSCOIN™ becomes listed on exchanges.
This provides a very large practical capacity for the total value of the AUSCOIN™ in the
marketplace to increase in value while still being usable for transactions (Antonopoulos. A.M,
2015).

Code Development and Updates

The AUSCOIN™ blockchain will be leveraging from the benefits of the years invested in the
development of the Ethereum platform. The AUSCOIN Group development team believes
this will give the AUSCOIN™ blockchain the scaling needed as the blockchain grows, while
still permitting innovation. This would also include innovations from the ongoing develop-
ment of the Ethereum platform and efforts to increase transaction capacity of the Ethereum
platform. The AUSCOIN™ blockchain is planned to launch with full-scale global transaction
and mining capacity (Ethereum Project, 2017).

Please note there are circumstances in which a hostile actor could conceivably take over control of a blockchain network and change the state or
3

records in the blockchain. This risk is inherent to the major blockchains currently in use globally.
AUSCOIN™ Group Pty Ltd | Melbourne AU | www.auscoin.io Page | 11
The key factors our team believe will be important and will drive the AUSCOIN™ blockchain’s
deployment and rapid uptake will be the base of users who participated in the Seed, Pre-ICO and ICO
and the liquidity provided by a network of ATMs. This will give direct public access to AUSCOIN™ in a
familiar and accessible way, as well as the benefits brought by using the Ethereum platform.

To enhance the AUSCOIN™ Blockchain as required the AUSCOIN Group development team intend to
continue using both Ethereum Platform updates and custom code developments to keep the
AUSCOIN™ Blockchain secure and consumer focused.

Future Transaction Capacity

The Ethereum platform is expected to provide for a transaction rate of over 10,000
transactions per second once the Proof of Stake Consensus Protocol in the Serenity Phase of
Ethereum’s roadmap development is deployed (Ethereum Project, 2017).

The AUSCOIN™ Roadmap has been planned to take advantage of this expected Ethereum
Platform update in the transaction capacity, ensuring AUSCOIN™ should grow its capacity well
beyond what’s needed for everyday usage.

AUSCOIN™ will have a maximum capacity in excess of ten thousand transactions per second,
via the Ethereum platform. “Ethereum is planning on implementing a proof-of-stake
consensus protocol change during the Serenity phase of their development roadmap. More
information on the likely Ethereum PoS candidate and how it may increase
transactions-per-second can be found here...” (Ethereum Project, 2017). This will ensure
AUSCOIN™ has capacity well beyond the scope required in this whitepaper and into the
future.

AUSCOIN™ Group Pty Ltd | Melbourne AU | www.auscoin.io Page | 12

 AUSCOIN™ Mining
Cryptocurrency terminology uses the analog of mining to describe the function behind blockchain
processing. Similar to resources which are rare, such as; gold, silver, lithium which require a work-heavy
process to extract the materials from the earth. AUSCOIN™ tokens are also rare and require work
governed by an algorithm and miners capacity to transact and process.

AUSCOIN™ will be leveraging established blockchain mining networks to process transactions.

AUSCOIN™ uses an incentive-driven security model, as many other blockchains currently do
(Antonopoulos, A.M, 2015). Miners produce blocks via work (Processing) which are then checked by
other miners under strict criteria. A block is then found to be valid, or not, if proof of work, under a
defined level of difficulty, is confirmed.

AUSCOIN™ blockchain mining is similar to Bitcoin mining in many respects (D'Alfonso, A., Langer et al.,
2017). However, unlike Bitcoin, the AUSCOIN™ blockchain, being based on the Ethereum platform
contains a copy of both the transaction list and the most recent state (root hash). Additionally, the
block number and the difficulty are also stored in the block to give improved verifiability
(Ethereum Project, 2017).

Mined on the same platform

where AUSCOIN is mined

AUSCOIN Network
Users

EVM
101010101010101010
101010101010101010
101010101010101010
Small
transaction Fee
fees to
Reward Miner

AUSCOIN™ Group Pty Ltd | Melbourne AU | www.auscoin.io Page | 13

Administration of the Blockchain
Administration and development of the AUSCOIN™ Blockchain code base will be focused on by the
AUSCOIN Group’s development team. AUSCOIN Group believes in transparency via decentralisation.
AUSCOIN™ will be a decentralised cryptocurrency.

AUSCOIN™ Cap Limit

The AUSCOIN™ release will be limit to a one hundred million cap. Once all AUSCOIN™s have been
issued within the cap, no more will be released.

Asset Freezing
AUSCOIN Group intends to develop and test asset freezing capabilities with a view of the feature
assisting with the security of the network.

Automatic Buying and Selling

AUSCOIN™ transactions performed on the blockchain complete without the involvement of a third
party. Payments made using AUSCOIN™ process automatically on the blockchain without manual
assistance. The AUSCOIN™ development team feel this is important to have a viable scalable platform.

Proof of Work (PoW)

AUSCOIN™, like many blockchain technologies, uses an incentive-driven model of verification.
Consequently, miners are rewarded with tokens for their multi-point verification services. The
consensus is based on choosing the block with the highest total difficulty. AUSCOIN™ miners produce
blocks which other miners check for validity.

A block is only valid if it contains proof of work (PoW) of a given difficulty (Ethereum Project, 2017).
Note that in the underlying Ethereum platform and its Serenity milestone, this will is likely going to be
replaced by a proof of stake model (Ethereum Project, 2017).

The AUSCOIN™ blockchain is in many ways similar to the Bitcoin blockchain. However, it does have
some distinct differences. The main difference between AUSCOIN™ and Bitcoin with regard to the
blockchain architecture is that, unlike Bitcoin, AUSCOIN™ blocks contain a copy of both the transaction
list and the most recent state (the root hash of the Merkle Patricia Trie encoding the state). Aside from
that, two other values, the block number, and the difficulty are also stored in the block.

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Longest Proof of Work Chain
Block Header Block Header Block Header

Prev hash Nonce Prev hash Nonce Prev hash Nonce

Merkle Root Merkle Root Merkle Root

Hash01 Hash23
Merkle Branch for Tx3

Hash2 Hash3

Tx3

The underlying Ethereum proof of work algorithm used is called Ethash (a modified version of the
Dagger-Hashimoto algorithm) and involves finding a nonce input to the algorithm so that the result is
below a certain difficulty threshold (Ethereum Project, 2017). The point in PoW algorithms is that there
is no better strategy to find such a nonce than enumerating the possibilities, while verification of a
solution is trivial and cheap. Since outputs have a uniform distribution (as they are the result of the
application of a hash function), we can guarantee that, on average, the time needed to find such a
nonce depends on the difficulty threshold. This makes it possible to control the time of finding a new
block just by manipulating the difficulty.

As dictated by the blockchain protocol, the difficulty dynamically adjusts in such a way that on average
one block is produced by the entire network every 15 seconds. The AUSCOIN™ Blockchain will similarly
use a 15 second block time (Ethereum Project, 2017). The Ethereum Project (2017) states this
“heartbeat” punctuates the synchronisation of the system state and guarantees that maintaining a fork
(to allow double spend) or rewriting history by malicious actors is impossible unless the attacker
possesses more than half of the network mining power (this is the so-called 51% attack).

Any node participating in the network can be a miner and their expected revenue from mining will be
directly proportional to their (relative) mining power or hash rate, i.e., the number of nonces tried per
second normalised by the total hashrate of the network.

Ethash PoW is memory hard, making it ASIC resistant. Memory hardness is achieved with a proof of
work algorithm that requires choosing subsets of a fixed resource dependent on the nonce and block
header (Ethereum Project, 2017). This resource (a few gigabyte size data) is called a DAG. The DAG is
totally different every 30000 blocks, a 125-hour window called epoch (roughly 5.2 days) and takes a
while to generate (Ethereum Project, 2017). Since the DAG only depends on block height, it can be
pre-generated but if it’s not, the client needs to wait until the end of this process to produce a block.
If clients do not pre-generate and cache DAGs ahead of time the network may experience massive
block delay on each epoch transition (Ethereum Project, 2017). Note that the DAG does not need to
be generated for verifying the PoW essentially allowing for verification with both a lower CPU usage
and smaller memory requirement (Ethereum Project, 2017).

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 ETHEREUM Platform
Leveraging a Stable Platform
In the early days of eCommerce, businesses needed to create their own platform from nothing. How-
ever, as the market grew, collaborators created standardised platforms from which developers could
focus their efforts into specialising and growing. Consequently, eCommerce systems became more
specialised and better because resources could be deployed solely for the enhancement of the solid
underlying base platform. Today eCommerce platforms, such as Magento and Woocommerce domi-
nate (Ecommerce Usage Statistics, 2017) and allow website developers to achieve highly customised
ecommerce websites .

Well Documented Support

A high level of thought, research and testing has gone into the decision making process when choosing
the best platform on which to base AUSCOIN™.

Key Factors of consideration:

• Stability in the market place
• Flexibility
• Quality of developer support
• Future proofing
• Ease of deployment and administration
• Security

The development team have completed extensive research on which platform will suit AUSCOIN™
needs in the future. We researched and tested: NEO, Ethereum, Open source and ground up build
options.

After careful consideration we believe the Ethereum platform to be the best developer supported
blockchain platform that exceeds any AUSCOIN™ future requirements for development and processing
capacity. The major positives for the Ethereum platform over other options are: its proven platform,
superior developer support and flexibility.

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 Roadmap

Sep-Nov 2017 Nov-Dec 2017

• Website Development • Ramp-up Marketing & Exposure
• Legal & Development Teams Finalised • ATM Beta Testing
• Business Plan & Road Map • Seed Round
• Dedicated Market Research & Analysis • 40% Bonus
• Marketing & Exposure • Wallet & App Testing
• Whitepaper Release

Qtr 2 / 2018 Qtr 1 / 2018

• Beta Testing for Exchange • Pre-ICO
• ATM Rollout Stage 2 • 30% Bonus
• Wallet & App Release • Testing for Merchant Facility and
• Merchant Facility Released Expansion of Merchant acceptance
• Seek Acceptance onto • ATM Rollout Stage 1
Leading Exchanges • ICO

Qtr 3 / 2018 Qtr 4 / 2018

• Continued Testing on Exchange Model • Continued Exchange Security
• Exchange Security & Bug Testing & Bug Testing
• ATM Rollout Stage 3 • ATM Rollout Stage 4
• Local AUSCOINTM Website Launched
Brokering of AUSCOINTM Available

Future Developments Coming Qtr 1 / 2019

• Exchange Goes Live

AUSCOIN™ Group Pty Ltd | Melbourne AU | www.auscoin.io Page | 17

 Wallet
Identities
Every AUSCOIN™ account is defined by a pair of keys, a private key and public key. Accounts are
indexed by their address which is derived from the public key by taking the last 20 bytes. Every
private key/address pair is encoded in a keyfile. The critical component of the AUSCOIN™ keyfile is
your account’s private key which is always encrypted and it is also encrypted with the password you
enter when you create the account.

Private key
Public key

Public key
Private key

Wallet Details
AUSCOIN™ will have its own secure wallet system that can be accessed via the internet, but can also be
kept securely offline. A wallet can be downloaded to your desktop or other suitable device4. A user
account can be created online through the AUSCOIN™ website or a user can download an AUSCOIN™
App5 from the Apple itunes app store for iOS or Google Play store for Android. Wallets will allow
AUSCOIN™ to be exchanged between users or used to pay for goods and services by AUSCOIN™
merchants. Additionally, AUSCOIN™ wallets can be used to withdraw cash funds directly via
AUSCOIN™ ATM machines6.

Website / Online
Users will be able to create or download a new wallet from the AUSCOIN™ website to securely store
their AUSCOIN™. Users will be able to use the web wallet to exchange Auscoin with other AUSCOIN™
users. AUSCOIN™’ wallet technology will be unique to AUSCOIN™, but based upon proven Ethereum
platform technologies.
4
Paper wallet options will also be available.
5
App availability is subject to acceptance to the Apple and Google stores.
6
This functionality may not be available at the time of the first wallet release.

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App iOS / Android
Users will be able to download a wallet App from iTunes App store or Google Play App store to
securely store their AUSCOIN™. Users will be able to use the web wallet to exchange AUSCOIN™ with
other AUSCOIN™ users. AUSCOIN™s wallet technology will be unique to AUSCOIN™, but based upon
proven Ethereum platform technologies.

Offline
Users will be able to create or download a new wallet from the AUSCOIN™ website to securely store
their AUSCOIN™ offline. AUSCOIN™ will be bringing new hardware products in the future to safely
secure user AUSCOIN™ offline7.

Future Wallet Offerings

Transaction Cards
Future expansion plans for AUSCOIN™ include the possible implementation of transaction cards, similar
in size to a traditional credit card. We aim for these cards to be a secure offline storage device for your
AUSCOIN™ which can be used to conduct transactions with participating merchants and at
AUSCOIN™ ATMs.

Merchant Point of Sale Systems

In line with the AUSCOIN Group’s plans to be a highly liquid cryptocurrency for everyday use,
AUSCOIN™ has future plans to bring POS (Point Of Sale) systems to bricks and mortar merchants. The
POS terminal is intended to be positioned alongside traditional EFTPOS and Credit systems. This will
offer AUSCOIN™ users another means to transact during their everyday life. This should add further
value and stability to AUSCOIN™ cryptocurrency transactions. Furthermore, availability to and ease of
transaction is likely to ease any consumer concerns about liquidity and rapidly bring AUSCOIN™ into
everyday circulation and acceptance.

Proof of Existence
Balance accuracy is maintained via the AUSCOIN™ blockchain and mining network. Decentralised
multi-point verification processing ensures accurate and secure transactions (Ethereum Project, 2017).
All that is required is one transaction type. Consequently, an entry is made on the AUSCOIN™
blockchain which will be published using the hash of any data. System participants can use the
headers to prove that the data existed at that point in time.

7
Data of release and availability not determined at time of publication

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Security
We will be leveraging the use of isolated Javascript context to improve security hardening of the
AUSCOIN™ wallet. Each Website and transmission between website users will run under strict SSL
encryption processes.

AUSCOIN™ website/s and wallet software will be run under real-time backup systems and duplicated
parallel server systems.

As the AUSCOIN™ community and resource requirements grow, redundancy systems will be added as
required. AUSCOIN™s system administration partners will maintain a high level of redundancy in the
system at all times.

Under best practice procedures AUSCOIN™ will conduct regular internal and external security audits at
regular intervals not exceeding three months to ensure secure operations. Website user account
information and offline client information will be kept under strict PCI DSS compliance conditions
(PCI, n.d).

AUSCOIN™ Group Pty Ltd | Melbourne AU | www.auscoin.io Page | 20

 Exchange
AUSCOIN Group intends to launch a cryptocurrency exchange in the Fourth Quarter of 2018. Liquidity
and ease of exchange is a core principle of AUSCOIN™, so the AUSCOIN Group aims to create an
easy-to-use medium from which cryptocurrency traders can trade with assurance. Please note that
this will be subject to AUSCOIN Group obtaining any necessary licences to operate the exchange.

We intend for users to be able to hold cash and multiple cryptocurrencies, place buy and sell orders
manually or automatically and to integrate multiply wallets.

Accessible Daily Use

AUSCOIN Group’s goal is to make cryptocurrency easily accessible for everyday use. We see
AUSCOIN™ working alongside and being part of everyday exchanges just as credit cards and EFTPOS
debit cards are today. AUSCOIN Group is looking to place Cryptocurrency ATMs in key locations. The
installation will take place first in Australia and then New Zealand. Further placements will follow
throughout the Asia Pacific / Oceania Region. This will bring a new level of unprecedented everyday
convenience to the AUSCOIN™ blockchain over other cryptocurrencies. Additionally, AUSCOIN Group
will be aggressively pursuing Point-Of-Sale terminal placements for traditional bricks and mortar
merchants.

Furthermore, eCommerce AUSCOIN™ payment gateway plugins and extensions will be developed for
major eCommerce platforms Magento and Woocommerce. These eCommerce platform software
plugins will be offered for free to merchants to encourage installation uptake. Consequently, the flow
on effect will improve liquidity for AUSCOIN™ via increasing payment facility penetration for consumer
goods and service. Considering, the rapidly growing eCommerce consumer base the online
transaction space will be a cornerstone of gaining consumer trust in AUSCOIN™ liquidity. AUSCOIN
Group believes that widespread integration into everyday commerce will drive growth and uptake of
AUSCOIN™ over and above other cryptocurrencies which have failed to execute on or capitalize on the
rapidly growing industry of online commerce.

Note: To date nearly one hundred retailers have signed on to accept auscoin as a preferred
cryptocurrency payment method. New merchants are signing up daily.

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 ATM Terminals
AUSCOIN Group’s vision is to create a decentralized Australian cryptocurrency exchange network,
which will allow users to seamlessly convert their cryptocurrency holdings into hard currency via
AUSCOIN Group’s ATM Locations across Australia. We believe this will drive the uptake of AUSCOIN™
by a larger market and maintain AUSCOIN™’s liquidity and user confidence in AUSCOIN™.

AUSCOIN Group has already dispatched and placed many ATMs within Australia for public use for the
purpose of Bitcoin purchase and sale transactions. AUSCOIN™ software is currently under further
development to add extra functionality and integrations. These upgrades will be implemented over
the coming financial quarters to provide direct access to AUSCOIN™ via the ATMs. AUSCOIN Group
believes this ease of access will help catapult AUSCOIN™ position in the cryptocurrency world to have
significant adoption and high levels of liquidity of other cryptocurrency options.

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Australian ATM Rollout
AUSCOIN Group plan to locate 1200 ATMs nationwide in Australia over four stages. AUSCOIN™ envisions
finding 100 ATM placements per month in central highly accessible, high-foot-traffic locations.

Worldwide ATM Rollout

AUSCOIN™ has provisional planning to find placement for a further 300 ATMs across New Zealand
(A nation famous for early technology innovation and adoption) and the Asia Pacific / Oceania Region.

Management
The ATM network’s direct management, logistics and placements will be overseen by AUSCOIN Group.
All transactions via AUSCOIN Group ATMs will be audited by third party specialty auditors AEC Group.
AUSCOIN Group wants to ensure transparency by having independent audits. AEC Group will produce
a report which will be published online on the AUSCOIN™ website8.

Customer Support Network

The ATM exchange network will also be supported by an Australian based customer and merchant
support centre. We envision this will further strengthen consumer confidence and trust in the
AUSCOIN™ brand and blockchain technology above other cryptocurrencies.

8
AUSCOIN™ website will be hosted on the following domain auscoin.io

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 Ecommerce Gateways
Although eCommerce is still in its infancy, it accounts for a notable share of all merchant commerce
(A., 2015). Capitalising on eCommerce transactions by supplying well supported AUSCOIN™ payment
gateways is a strong strategy to improve AUSCOIN™ cryptocurrency uptake and enhance liquidity and
circulation among the majority of potential mainstream cryptocurrency users.

Implementation
Our development team will create AUSCOIN™ Gateways for the two most popular ecommerce plat-
forms; Magento and Woocommerce9. These will be made available for download from the AUSCOIN™
website and the three main sources10 for plugin and extension downloads for developers; github,
Magento connect, Woocommerce.

Management, Support and Updates

Security updates to gateways will be made available via the AUSCOIN™ website, github, magento
connect and Woocommerce11. Registered users will be notified by email and posts on the AUSCOIN™
website. For ongoing support, a ticketing system, slack and reddit channel will be available for open
discourse to ensure the deployment are kept as secure as possible and are open to user feedback12.

9
Most popular is defined as the most implemented open source ecommerce platform in us at time of
publication (Ecommerce Usage Statistics, 2017).
10
Subject to change
11
Subject to change and availablity
12
3rd party service providers are subject to change
AUSCOIN™ Group Pty Ltd | Melbourne AU | www.auscoin.io Page | 24
 Security
AUSCOIN™ is inherently secure due to its decentralised blockchain technology and multipoint
verification of transactions. This is due in part to AUSCOIN™ leveraging the Ethereum platform for its
secure, supported architecture. Additionally, the AUSCOIN™ coding team will be using industry “best
practices” to ensure AUSCOIN™ gateways only run under SSL encryption and encourage ecommerce
platform operators to keep their underlying ecommerce platforms up to date.

Implementation
The AUSCOIN Group websites/wallet software will be run under real time backup systems and dupli-
cated parallel server systems. As the AUSCOIN™ community and resource requirements grow, addi-
tional systems will be added to retain a fair level of redundancy as required. The AUSCOIN™ system
administration partners will maintain a suitable level of redundancy in the system at all times. This will
ensure better uptime and accessibility.

Under “best practice” procedures AUSCOIN™ will conduct internal and external security audits at
regular intervals not exceeding three months to ensure secure operations. Furthermore, website user
account information and offline client information will be kept under strict PCI DSS compliance
conditions (PCI, n.d).

Management
Management and support will be overseen by the AUSCOIN Group’s development and support team.

Funding Allocation
TOTAL CAP AMOUNT
AUSCOIN™ Cap 100,000,000

FIRST PORTION ALLOCATION

Seed Round Cap 3,000,000
Pre-ICO Cap 12,000,000
ICO Cap 25,000,000
Bounty Program, development, Marketing 10,000,000

SECOND PORTION ALLOCATION

AUSCOIN Group 50,000,000

AUSCOIN™ Group Pty Ltd | Melbourne AU | www.auscoin.io Page | 25

AUSCOIN™ FUNDING PLAN OUTLINE
The one hundred million AUSCOIN™ tokens will be divided into two portions. The first
portion amount is represented as fifty million tokens. Forty million tokens will be distributed
proportionally to supporters of AUSCOIN™ during the crowdfunding rounds. This funding
allocation portion will be available as: Seed round offer, Pre-ICO and ICO. A further ten
million will be used for bounties and ongoing development.

The second portion of fifty million AUSCOIN™ will be directly managed by the AUSCOIN
Group to ensure the long-term sustainability of the AUSCOIN™ blockchain and infrastructure
by means of continued investing in development, operation, maintenance and the AUSCOIN™
ecosystem. Consequently, the AUSCOIN™ in this portion will have a lockout period of three
years with the lockout term ending after 4th of December 2020. Therefore, this portion of
funding will not enter any exchange and its use is only for the long-term support of AUSCOIN

FINANCIAL PLAN OUTLINE - POST LOCKOUT PERIOD

Ten million tokens (Ten Percent) will be used to invest in other blockchain projects
Ten million tokens (Ten Percent) will be used for upgrades and developer growth
Ten million tokens (Ten Percent) will be used for Research & Development
Twenty Million tokens will be retained as a contingency

AUSCOIN group does not intend to realise more than five million AUSCOIN™ for funding of
ongoing operations per year.

AUSCOIN™ Group Pty Ltd | Melbourne AU | www.auscoin.io Page | 26

 Company Structure
MANAGEMENT

Sam Karagiozis
Founder and Company Director

Michael Sloggett Sean Harris

Chief Marketing Officer Chief Executive Officer

Aaron Whyte
Lead Blockchain Developer

ADVISORY BOARD MEMBERS

Arturo Busleiman Jason Grigg

Network Security Specialist Market Analyst

Leonard Tan Michael Bacina Jun Hao

Software Engineer Lawyer Blockchain Specialist

AUSCOIN™ Group Pty Ltd | Melbourne AU | www.auscoin.io Page | 27

AUSCOIN Group Managment Team
Sam Karagiozis – Founder and Company Director
Sam Karagiozis is an entrepreneur and the founder of Auscoin. He is the
owner of a diversified portfolio of businesses including restaurants,
property and cryptocurrencies. Sam has developed a unique and highly
effective approach to business, incorporating his relentless work ethic,
business savvy intellect and his strong moral values. Sam prides himself
on these qualities and credits his success to consistent application of
these traits while remaining aligned with his long term vision.

Since 2012, Sam has been a long term cryptocurrency enthusiast,

identifying Bitcoin as an excellent investment opportunity early on.
Leading the way in Australia, Sam is one of Australia’s largest Bitcoin
brokers for three years running, gathering invaluable market and prod-
uct knowledge. Sam's strong passion for cryptocurrency combined with
his holistic business approach has resulted in the birth of Auscoin. Sam's
long-term vision for Auscoin is to make the adoption of digital currency
a part of our everyday lives.

Sean Harris – Chief Executive Officer

Sean Harris is the Chief Executive Officer of Auscoin Group and a
member of the company’s board of directors. He joined Auscoin shortly
after its inception, bringing more than 20 years of executive manage-
ment experience to his role with the company.

Sean manages corporate direction and strategy at Auscoin group,

facilitating company activity in sales, marketing, alliances and channels,
and support. He is also responsible for Auscoin Groups global business.
Since joining Auscoin Group, Sean has worked to share Auscoins strate-
gy and vision with customers, partners, shareholders, and investors.

Michael Sloggett – Chief Marketing Officer

Michael is a founder and investor in businesses across Australia and Asia.
Michael is a member of the International Advisory Council for a billion
dollar company listed in the top 700 of the Inc 5000. He has
successfully built numerous million dollar companies leveraging social
media as the main platform for growth. Michael was an early investor in
cryptocurrencies and has been mentored by some of the world’s best
cryptocurrency traders. Michael is a sought after international speaker
and trainer who truly enjoys seeing others win big, so they can then give
back.

AUSCOIN™ Group Pty Ltd | Melbourne AU | www.auscoin.io Page | 28

 Aaron Whyte - Head Blockchain Developer
Aaron is a lifelong software engineer and eCommerce web specialist
having been an early innovator online development since the days of
BBS in the 1980s. Aaron was an early adopter of blockchain technology
and developer of custom Bitcoin eCommerce payment gateways.

Aaron has an extensive background in management and technology, as

well as being a successful entrepreneur and investor. He has recently,
built a web media agency, which specialises in heavily modified ecom-
merce platform development and large-scale high-performance
deployment. His media company has grown to over 25+ full-time
employees with more than 4000 completed projects over the last 7
years.

Advisory Member Council

Arturo Busleiman - Network Security Specialist
Arturo is a highly experienced and respected network security, systems
programmer and server hardening specialist. He is currently the CSO of
MKit security specialists and is a security consultant (Buanzo consulting)
operating all over the world. He is the co-founder of the Capa 8 Founda-
tion, which focuses on developing a free, open and safe internet. He has
also developed openPGP software and server protocols, which have
become industry standards. He has contributed to the development of:
nmap, fail2ban, enigform, mod_openpgp, audacity, weblorean. He was
also a contributor to the Mcafee module for samba-vscan, developed tools
and documentation for Freshmeat, mozdev.org and addons.mozilla.org.
He wrote the Unix chapter of OISSG ISSAF. Has provided technical
reviews for infosec books by world renowned authors and has authored
2600 articles including being the co-founder of the two first Argentine
linux magazines. He is mentioned in the book Hackstory. He has work for
the government of Argentina for Critical Information and Cybersecurity
Infrastructures as Lead of Research and Development/System Administra-
tor. He is a regular speaker at security conferences around the world and a
blockchain technology enthusiast.

Jason Grigg - Market Analyst

Jason has been involved in international businesses and real estate and
property development. He now spends much of his time advising others
in foreign exchange and cryptocurrencies. Jason provides expertise in
market analysis and strategic advice for AUSCOIN Group.

AUSCOIN™ Group Pty Ltd | Melbourne AU | www.auscoin.io Page | 29

 Leonard Tan - Software Engineer
Leonard is a software engineer with extensive experience working for
VISA, developing data products and platform development. Leonard
has built a secure crypto wallet for CoinHako as well as Ethereum dapps.
He also implemented internal systems for FintechNews and EthVPN and
is the Fintech Advisor for Lamden. An active volunteer at Ethereum
Foundation involved with ENS development, he has given blockchain
presentations across the world in Singapore, UAE (ICANN60), as well as
Ghana (Ghana Blockchain Conference).

Michael Bacina - Lawyer

Michael founded a software development business during the late 1990s
prior to practising law and has a rare combination of software, business
and legal knowledge. He has experience working for leading law firms in
both Australia and Canada for clients ranging from multi-nationals to
start-ups. He advises on complex contractual and regulatory matters in
the information technology, start-up, blockchain and construction/strata
industries. He advises select software start-ups, is a regular author of
published works on the legal issues affecting blockchain, cryptocurren-
cies and smart contracts. Michael also presents to senior management
and other lawyers in Australia on the legal issues in blockchain. Michael
is a partner with Piper Alderman Lawyers, one of Australia’s leading
commercial law firms.

Jun Hao - Blockchain Specialist

Jun Hao is a huge asset to the team, Jun Hao is from Singapore and
graduated in one of the top schools in Asia (Singapore Management
University) with a Magna Cum Laude (High Distinction) in Business and
Commerce. JH is very well connected throughout Singapore and the
Asia Pacific region, having spent time with the CEO of the Singapore
Stock Exchange and also many developers in the Crypto space. JH Runs
multiple telegram channels with his largest having a following of over
14,000 members. Because of this Jun Hao is often in regular contact
with many CEO's and top 100 coins and tokens. This makes Jun Hao, not
just a huge asset to the marketing team, but also an international partner
in asset acquisition..

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AUSCOIN™ Group Pty Ltd | Melbourne AU | www.auscoin.io